Margaret Yang - CMC Markets

Last quote by Margaret Yang

The U.K. election result will give direction to sterling and the future Brexit talks. Risk-off' sentiment is likely to prevail as any surprises from the U.K. election, the ECB's policy outlook or changes in the White House could significantly impact the market. This has led to a hunt for safety, with gold, silver and the Japanese yen advancing to their highest levels in a month.feedback

Related topics and other people speaking on it

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Margaret Yang is associated, including U.S. and Donald Trump. Most recently, Margaret Yang has been quoted saying: “The sustainability of the dollar's rally will be tested this Friday night, with the non-farm payroll number in focus. A strong jobs report will likely firm up the Fed's decision to trigger a second rate hike this year, and also reinforce investor confidence in the U.S. economy.” in the article Asian shares weaker as investors await economic data.

It is what he didn't mention - fiscal stimulus – that worries market participants. The U.S. dollar rally was based on the assumption that Trump's administration will push through a massive infrastructure building and fiscal stimulus package, which will lead to higher inflation in the future.feedback

The market seemed to have digested the Fed rate hike and started to position itself for a brighter outlook in the U.S. economy, and the changes Donald Trump's new administration could bring to the equities market.feedback

Investors are trying to strike the right balance between positioning for a major dose of U.S. fiscal stimulus and not getting too committed, given the uncertainty surrounding what policies the new Trump Administration will actually implement.feedback

The greatest uncertainties, namely the election and the Fed rate hike, were significantly reduced over the last two weeks, which gave the market a good reason to refocus on the fundamentals of economic and corporate earnings.feedback

With volatility near to year-to-date low, the spotlight has now shifted from the central banks' policies to the upcoming U.S. presidential debates between Clinton and Trump. Investors will be watching closely on the shift of momentum in the race, which could once again trigger a new wave of market volatility.feedback

Market sentiment is mixed...as traders tend to take less risk ahead of the nonfarm payrolls. If the actual data turns out to be a big miss, enthusiasm on the September rate hike will dampen, and the dollar's rally will probably lapse.feedback

The BOJ never fails to surprise us. It is probable that the central bank is temporarily running out of tools to stimulate the economy, or they need more time to observe and assess the impact of negative interest rates.feedback

Quotes by Margaret Yang

May 30 2017

The sustainability of the dollar's rally will be tested this Friday night, with the non-farm payroll number in focus. A strong jobs report will likely firm up the Fed's decision to trigger a second rate hike this year, and also reinforce investor confidence in the U.S. economy.feedback

Macron's election offers stability to Europe's single market, and strengthens the EU's position in the upcoming Brexit negotiations. With another area of political uncertainty clarified, investors will now focus on corporate earnings and the cyclical economic tail wind brought about by the broad recovery in global trading.feedback

After all the political events were settled, at least temporarily, the market focus now turns to corporate earnings season. So far, over 80 percent of the S&P 500 companies have announced positive surprises in their first-quarter earnings.feedback

In spite of concerns that the Trump administration will be unable to deliver his fiscal stimulus promises any time soon, many investors remain hopeful of future reforms, particularly after the White House signaled this week that it plans to introduce legislation aimed at reducing the corporate tax rate.feedback

After a few weeks of relative calm, the 'Trump hurricane' is back to disrupt the tranquility in the currency markets. I describe Trump's influence on currencies as a hurricane as it's both harmful and unpredictable. It is debatable whether Trump can have both a weak currency and massive fiscal stimulus at the same time.feedback

Volatility was substantially higher last week, and safe-haven asset prices soared as geopolitical tensions and financial uncertainties rose. Therefore, a 'risk-off' sentiment will probably continue to overshadow stock markets in the near term.feedback

The future outlook is clouded by rising political uncertainties and waves of anti-globalization sentiments from the U.S. and Europe. As U.S. reaches full employment and approaches closer to the Fed's inflation target, a tighter Federal monetary policy is expected to lead to a stronger US dollar in the months ahead. This might worry investors.feedback

Wall Street is probably cheering Donald Trump's move to revise the Dodd-Frank Act, which are regulatory rules to inhibit banks and brokers after the 2008 subprime crisis. ... If the Dodd-Frank Act is revised or removed, it will mark a great step toward financial deregulation. A deregulated Wall Street will create a new wave of bullish sentiment in the short term.feedback

What worries me is that Mexico accounts for only around 8 percent of American's trade deficits. Whereas U.S.'s trade deficit with the Pacific Rim is approximately six times larger than that of Mexico. His hard stance toward Mexico could give us a hint of his future trade policies against the Pacific Rim countries, especially China.feedback

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